Cryptocurrency Analysis and News Portal
[sociallocker id="55298"] The Bitcoin hashrate is up this weekend after the network experienced it’s fourth negative difficulty adjustment this year. The Bitcoin (BTC) protocol’s difficulty adjustment dropped over 9% on June 4, giving miners who shut off their machines a chance to join the competition once again. Moreover, Glassnode
Read More
[sociallocker id="55298"] Bitcoin has just got easier to mine. At block height 633,024, reached on 12:30 UTC Thursday, the Bitcoin blockchain adjusted its mining difficulty to 13.7 Trillion with a 9.29% drop and reached the lowest level since January this year. According to data compiled by CryptoX Research, today saw
Read More
[sociallocker id="55298"] The price of Bitcoin (BTC) suddenly dropped from $10,000 to $8,600 on BitMEX as nearly $140 million worth of long contracts were liquidated. The pullback came merely 16 hours after BTC surged to $10,473, testing the dreaded $10,500 resistance level.Bitcoin typically sees a heightened level of volatility when
Read More
[sociallocker id="55298"] Bitcoin’s price fell more than $800 in under five minutes on Tuesday, pushing the broader cryptocurrency market into the red. The sell-off began at 14:45 UTC (10:45 a.m. ET) when the cryptocurrency was trading at highs above $10,137 and by 14:49 UTC, the price fell to $9,298. At press
Read More
Craig Wright, the self-proclaimed Satoshi Nakamoto candidate and chief scientist at NChain, has lost an appeal against Cryptox.trade founder and Bitcoin Cash (BCH) evangelist, Roger Ver. Wright originally sued Ver for calling him “a fraud and a liar” in a now-deleted YouTube video in 2019, but the lawsuit was eventually
Read More
Bitcoin’s price is gathering upward momentum as traders buy fewer put options, which are bearish bets on the top cryptocurrency. At press time, bitcoin was changing hands near $9,400, representing a 2% gain on the day, according to CryptoX’s Bitcoin Price Index. On a week-to-date basis, the cryptocurrency is now reporting
Read More
Within the last hour Bitcoin (BTC) price dropped to $8,840. The drop came with less than 8 hours left before the weekly close.A confluence of miners selling more BTC than they mine, Bitcoin recording 6 consecutive lower highs, and the retest of the $8,800 support leaves BTC vulnerable to a
Read More
It’s been 11 days since the third bitcoin block reward halving. Data now shows that the overall SHA256 hashrate lost around 47 exahash per second (EH/s), since the all-time high of 140 EH/s on May 3. With more than 33% of the hashrate lost, reports stemming from Sichuan China
Read More
Bitcoin prices look to be struggling with buyer exhaustion, having put in a negative performance in the last 24 hours despite positive developments on both the macro and technical fronts.The top cryptocurrency by market value fell from $9,760 to $9,100 during Wednesday’s U.S. trading hours, even though major investment banks
Read More
Within the last hour Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324. The sharp correction came after the top ranked digital asset on CoinMarketCap failed to push through the $9,900-$10,000 resistance zone. At the time of writing traders appear to be viewing the pullback as a dip buying opportunity,
Read More